The New CS Board

[jumanji0881]

I read an analyst's commentary on gold yesterday and he says gold will either go up or down next week AND he is seldom wrong.(LOL). I would like to see a capitulation low in gold around $1650-$1660. I'm just waiting for something big to break and there are so many weak points: China's RE bubble with apartment buyers refusing to pay their mortgage due developers not completing work on their units (Chinese bank assets total $53Trillion!!!), EU fragmentation with Italy's huge sovereign debt and the ever increasing cost and limited supply of natural gas from Russia, Japan's Yield Curve Control with the BOJ buying all new issuance of JGBs sending the Yen plummeting and causing inflation. It's just a matter of when the dominoes begin to fall. Soon, I think. This crisis promises to be the worst we have ever experienced, and it is just getting started.